Coinbase

Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase — the largest cryptocurrency exchange in the U.S. — alerted shareholders that the firm would launch a secondary market for its private stock on Nasdaq Private Market.  The move comes ahead of the firm’s much-anticipated public market debut. Coinbase, which filed a confidential S-1 in mid-December, said that it would provide further details to …

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Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase says it will divide up its application server into separate services in an effort to “reduce the blast radius” following an outage last week that impacted the API used for the exchange’s website and mobile apps.  The Coinbase team said Friday that by “decomposing” its application server, it could have different scaling profiles for …

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After Coinbase, Bakkt, Gemini’s Winklevoss brothers are thinking about going public

After Coinbase, Bakkt, Gemini’s Winklevoss brothers are thinking about going public

Winklevoss twins Cameron and Tyler are thinking about taking their crypto exchange Gemini public. However, the cofounders of the New York-based regulated exchange clarified that they have not finalized the decision of having an initial public offering, yet. President of Gemini, Cameron Winklevoss said in a recent interview that the company would remain open to …

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Coinbase faces class action lawsuit in California over XRP sale

Coinbase faces class action lawsuit in California over XRP sale

A new lawsuit in California federal court alleges that Coinbase violated the state’s unfair competition laws by making a commission from the sale of Ripple’s XRP. Ripple was recently sued by the Securities and Exchange Commission (SEC) for allegedly issuing XRP as an unregistered securities offering. The new class-action suit was filed by Thomas Sandoval, …

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Coinbase joins Square’s crypto patent effort COPA

Coinbase joins Square’s crypto patent effort COPA

Coinbase is the latest company to join Crypto Open Patent Alliance (COPA), a consortium developed by Square to increase access to crypto technology through the creation of a collaborative patent library, according to an announcement published Thursday.  Square announced the creation of the consortium in September. Since then, 18 companies have joined the initiative, including …

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Coinbase Employees Have Begun to Take Severance Packages

Coinbase Employees Have Begun to Take Severance Packages

Companies can’t become “apolitical” overnight. According to multiple Coinbase workers, the plan to offer a clean exit for mission-dissenting staffers has been in the works for six months. So far, at least three people in the 1,200-person firm have taken the severance package, one of these sources told CoinDesk on Friday. In the past week, …

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Apple will not feature Dapps on AppStore, forbids crypto transactions: Coinbase CEO

Apple will not feature Dapps on AppStore, forbids crypto transactions: Coinbase CEO

Co-founder and CEO of Coinbase, Brian Armstrong recently shared, in a twitter thread his thoughts on Apple’s App Store restrictions that do not allow iOS users to earn money using cryptocurrency. The CEO also made claims that Apple told Coinbase that it was ’not appropriate’ for the App Store to allow iOS customers to use …

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